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First Trust S&P REIT Index Fund
FRI

70 hedge funds and large institutions have $111M invested in First Trust S&P REIT Index Fund in 2026 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 27 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

3% more funds holding

Funds holding: 68 → 70 (+2)

2% more capital invested

Capital invested by funds: $108M → $111M (+$2.39M)

2.81% less ownership

Funds ownership: 72.64% → 69.83% (-2.8%)

26% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 27

Holders
70
Holders Change
+2
Holders Change %
+2.94%
% of All Funds
0.86%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
20
Reduced
27
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TAM
TCP Asset Management
Ohio
+$4.69M
2
Morgan Stanley
Morgan Stanley
New York
+$1.87M
3
CI
CX Institutional
Indiana
+$703K
4
VF
Virtu Financial
New York
+$407K
5
Two Sigma Investments
Two Sigma Investments
New York
+$348K

Top Sellers

Rank Fund Capital Flow
1
TFP
TrueWealth Financial Partners
Washington
-$2.94M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.89M
3
AWM
AE Wealth Management
Kansas
-$2.37M
4
Stifel Financial
Stifel Financial
Missouri
-$1.06M
5
Goldman Sachs
Goldman Sachs
New York
-$526K
Name Holding Trade Value Shares
Change 		Change in
Stake
FP
51
Financial Perspectives
Minnesota
$59K +$144 +5 +0.2%
AA
52
Ancora Advisors
Ohio
$56.6K +$173 +6 +0.3%
HI
53
Harbour Investments
Wisconsin
$56K +$49.2K +1,710 +663%
MIM
54
MTM Investment Management
South Carolina
$48K – – –
RFG
55
REAP Financial Group
Texas
$38.1K +$115 +4 +0.3%
NA
56
NewEdge Advisors
Louisiana
$32.2K -$4.03K -140 -11%
AAP
57
Arax Advisory Partners
Colorado
$28.5K – – –
Fidelity Investments
58
Fidelity Investments
Massachusetts
$10.9K -$806 -28 -7%
FFA
59
Farther Finance Advisors
California
$9.61K +$9.67K +336 New
BWM
60
Benson Wealth Management
Tennessee
$7.54K – – –
SAM
61
Smartleaf Asset Management
Massachusetts
$7.31K -$317 -11 -4%
Rockefeller Capital Management
62
Rockefeller Capital Management
New York
$6.84K -$1.01K -35 -13%
GWM
63
Geneos Wealth Management
Colorado
$5.81K – – –
MEG
64
Millstone Evans Group
Colorado
$5.69K – – –
ASN
65
Advisory Services Network
Georgia
$5.49K +$5.56K +193 New
PNC Financial Services Group
66
PNC Financial Services Group
Pennsylvania
$4.92K – – –
Carson Wealth (CWM LLC)
67
Carson Wealth (CWM LLC)
Nebraska
$4.67K – – –
FGAM
68
Financial Gravity Asset Management
Texas
$3.47K -$8.75K -304 -71%
CA
69
CoreCap Advisors
Michigan
$3.33K -$1.81K -63 -35%
Northwestern Mutual Wealth Management
70
Northwestern Mutual Wealth Management
Wisconsin
$28 +$29 +1 New
JP Morgan Chase
71
JP Morgan Chase
New York
$9 – – –
TFP
72
TrueWealth Financial Partners
Washington
– -$2.94M -107,723 Closed
Goldman Sachs
73
Goldman Sachs
New York
– -$526K -19,272 Closed
FTUS
74
Flow Traders U.S.
New York
– -$300K -10,986 Closed
TRCT
75
Tower Research Capital (TRC)
New York
– -$282K -10,325 Closed
1 2
3
4

FRI Hedge Fund Activity: Q1 2026 in Review

70 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q1 2026, worth a combined $111M — up 2.2% from $108M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FRI positions and 6 closed out — a net gain of 4 holders — while 20 added to existing stakes and 27 trimmed.

The largest buyer was TCP Asset Management, adding an estimated $4.69M. The largest seller was TrueWealth Financial Partners, exiting entirely with an estimated $2.94M sold.

  • 70 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q1 2026, up from 68 in Q4 2025.
  • Funds reported $111M of First Trust S&P REIT Index Fund stock for Q1 2026, up 2.2% quarter-over-quarter.
  • 10 funds opened new First Trust S&P REIT Index Fund positions in Q1 2026 and 6 closed out, a net change of +4 holders.
  • The largest First Trust S&P REIT Index Fund buyer in Q1 2026 was TCP Asset Management, an estimated $4.69M added.
  • The largest First Trust S&P REIT Index Fund seller in Q1 2026 was TrueWealth Financial Partners, an estimated $2.94M sold.

Based on aggregated 13F filings for Q1 2026.